Monday 20 August 2012

Aug 17th New Uptrends: Manulife, Sunlife, Best Buy...

On Friday Best Buy Co Inc.has again triggered a Buy signal at $20.27 for a new uptrend. This stock also recently received multiple buy ratings from firms such as UBS and Jefferies Group; however it's currently trading 7% below the triggered buy price.
Avon Products Inc. is still a short position as it remains below the Buy to Cover set at $16.28.
Sprint Nextel Corp. remains a long position with a valid uptrend.
Chesapeake Energy Corp. is holding above its Sell Stop price of $17.20 so the Long position and uptrend remain valid.
CNOOC LtdSuncor Energy Inc,., Cheung Kong (Holdings) Ltd and The Wharf (Holdings) Ltd.remain in an uptrend.
SNC-Lavalin Group has been declining over the past few weeks and a Sell Stop has now been completed at $37.41.
The downtrend signal received on July 27th for HSBC Holdings plc (5:HK) has now been closed as it traded at hkd69.10 above the set Buy to Cover price of hkd68.35.

The uptrends uncovered on Aug 10th on these stocks are starting to show moderate gains:
Update on previous positions

  Buy Sell ShortBuy to Cover17-AugGain/Loss
USDate Date Date Date   
           
Avon Products, Inc.    5/11$20.19  $15.9626.50%
Sprint Nextel Corp.5/25$2.62      $5.1998.09%
Chesapeake Energy Corp.7/6$20.04      $19.14-4.49%
CNOOC Limited (ADR) 7/20$202.75      $199.83-1.44%
Suncor Energy Inc. 7/20$30.07      $32.758.91%
Oil Crude (Sweet)8/10$92.87      $96.013.38%
Best Buy Co Inc.8/17$20.27      $20.270.00%
           
           
CANADIAN          
SNC-Lavalin Group Inc7/27$39.938/17$37.41    $37.41-6.31%
Sun Life financial Inc.8/17$22.98      $22.980.00%
Bank of Nova Scotia8/17$53.28      $53.280.00%
Manulife Financial Corp.8/17$11.34      $11.340.00%
           
Hong Kong          
Wharf Holdings Ltd (4:HK)7/6HKD 45.25      HKD 46.753.31%
Cheung Kong (Holdings) LTD (1:HK)7/20HKD 102.00      HKD 110.107.94%
HSBC Holdings plc (5:HK)    7/27HKD 64.158/17HKD 69.10HKD 69.10-7.16%
Bank of China (3988-HK)8/10HKD 2.99      HKD 2.990.00%
Bank of East Asia8/10HKD 28.65      HKD 29.954.54%

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